Home / Knowledge / News / Textiles / PVH Group lays down pre-investment conditions for Ethiopia
PVH Group lays down pre-investment conditions for Ethiopia
11
Sep '14
Phillips-Van Heusen (PVH) Corporation, one of the leading American garment companies, has put forth ten conditions to the Government of Ethiopia, before investing in the garment sector in Ethiopia, Addis Fortune reported.

Officials of the company had visited Ethiopia, along with 27 textile and garment factories from different countries, last month.

The conditions that were laid down by PVH include consideration of tax incentives, logistics issues, and priorities for power supply, and getting a ready-made industrial park.

These prerequisites were discussed in a meeting between the representatives of PVH and the Government of Ethiopia officials, State Ministers for Industry, Sisay Gemechu and Tadesse Hiale, Deputy Commissioner of the Federal Investment Commission (FIC) Likyeleshe Abay and representatives from the Textile Industries Development Institute (TIDI).

Ethiopia wants PVH to invest either in Hawassa or Dire Dawa. However, PVH is keen to invest in the Bole Lemi Industrial Zone in the capital city, according to the report.

The Bole Lemi Industrial Zone has two phases, out of which the first phase has 20 shades on 156 hectares and 5 of them are already given to different companies. The remaining 15 are under construction and already given to 22 companies.

PVH is requesting the Government of Ethiopia to grant a ready-to-use industrial park from the phase two of the zone for all the factories it wants to set up in Ethiopia.

PVH, a global company, owns Tommy Hilfiger, Calvin Klein and Heritage brands. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

S Korean fashion brands expand overseas amid slump at home

Fashion | On 17th Oct 2017

S Korean fashion brands expand overseas amid slump at home

South Korean fashion firms are keen on tapping into overseas markets...

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Top executives
Textile industry, India

The event should be organised every year

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search